China Trade war?

[ConstitutionCowboy]

It won't be nearly as bad as the media is saying. John Q. Entrepreneur imports something Chinese for $1.00, gets slapped with a $0.25 tax and pays it almost willingly. He has likely been selling that item for $15.00 or more anyway. Instead of making $14.00 per item, he is only making $13.75 per item (all other things being equal.). If he wants to keep on making $14.00 per item, all he needs is a 1.7% price increase. If he perceives raising the price as a problem, all he needs to do is raise the price by $5.00 or more per item and put it on sale for 25% off and he will end up making more than he was before the tariff! The only difference is now his customers are happy they are getting 25% off! Meanwhile, the world keeps on turning and Uncle Sam has more cash in his coffers.

Woody

 

[davek]

I still can't find any real numbers about how much money has gone into the US Treasury from tariff collection. Does anyone know where those numbers can be found?

 

[John6185]

I think the farmers that grow certain crops such as soybean, corn etc are the ones that will be hurt. The average Joe on the street won't be affected too much. Then backing up a few months, Trump put tariffs on Japanese goods if I remember and that would increase the cost of auto parts from Japan.

 

[Snattlerake]

Y'all forgot Hobby Lobby. Lighted plastic Santa Claus prices are going to go through the roof!

 

[Glock 40]

Y'all forgot Hobby Lobby. Lighted plastic Santa Claus prices are going to go through the roof!

Just make sure your wife uses her 60% coupon. Did you get the White, Black or Hispanic Santa?

 

[dennishoddy]

i wish y'all would have told china that. And maybe the stock market, too.

Trump just created a buyers market at Wall Street.

It's time to play in that market!

 

[MacFromOK]

That and no more Dollar General, say hello to Dollar Fiddy General.

I literally LOLed on this one...

 

[MacFromOK]

Sometimes it's chicken, sometimes it's feathers.

Hehe... my Dad used to say, "Chicken one day, feathers the next."

The great depression left quite a mark on his thinking and outlook on life (he'd be past 103 if he were still alive).

 

[Snattlerake]

Just make sure your wife uses her 60% coupon. Did you get the White, Black or Hispanic Santa?

I refuse to answer because if I answer with any of the above I would be called racist.

 

[Ethan N]

Manufacturing currently in China would probably be moved to other countries in that region eventually so they could avoid the tariffs.

Much of it, yes. But a lot of the manufacturing in China, like electronics, revolves around extensive networks of suppliers and laborers with specialized skills. It’s not easy to do what China does. They’ve played this game very well and it’s going to take a strong will to break away from Chinese manufacturing.